Manchester United has announced a net loss of £43 million ($57 million) for the 2025/26 season, despite achieving a record revenue of £677.6 million. This represents a 1.7 percent increase in revenue compared to the previous year. The loss is attributed to various factors, including contractual payments to sacked manager Ruben Amorim and increased loan repayments. The club's financial performance is a significant concern for its co-owner, Jim Ratcliffe.
The 2025/26 season was marked by significant changes for Manchester United, including the departure of manager Ruben Amorim in January and his replacement by former player Michael Carrick. Under Carrick's leadership, the team secured qualification for the Champions League, finishing third in the Premier League. This achievement contributed to a notable increase in broadcasting income, which rose by almost 20 percent. However, commercial and matchday income declined by around five percent due to the absence of European fixtures.
Manchester United's revenue growth was primarily driven by broadcasting income, which was boosted by the team's improved Premier League finish. The club's commercial and matchday income, however, fell due to the lack of European fixtures during the season. The team's performance in the Premier League improved significantly compared to the previous season, where they finished 15th. The increase in revenue highlights the club's resilience and ability to adapt to changing circumstances.
The club's accounts revealed that they paid £8.2 million in exceptional items related to Amorim's departure and £63.5 million to acquire land adjacent to Old Trafford, where they plan to build a new 100,000-capacity arena. These expenditures reflect the club's efforts to improve its infrastructure and competitiveness. The acquisition of land is a strategic move to enhance the club's long-term prospects and increase its revenue streams.
Co-owner Jim Ratcliffe has implemented cost-cutting measures, including widespread job cuts, since acquiring a stake in the club in February 2024. These measures aim to ensure the club's financial sustainability and competitiveness. However, the club's recent performance has been poor, with only five points from their first five Premier League games and an early exit from the English League Cup.
Manchester United's chief executive, Omar Berrada, expressed optimism about the club's financial prospects, citing its underlying strength and commercial appeal. He emphasized the importance of a disciplined approach to ensure sustainable finances. Berrada highlighted the club's enduring popularity and commercial strength, which are expected to drive future growth.
The club expects revenue of between £740 million and £760 million in the current financial year. Manchester United's financial performance will be closely monitored by its stakeholders, including fans, investors, and sponsors. The club's ability to balance its finances while improving its on-field performance will be crucial to its long-term success.
Key points
- Manchester United reports a £43m loss despite a record £677.6m revenue for the 2025/26 season.
- The club's revenue growth was driven by a 20 percent increase in broadcasting income.
- Manchester United expects revenue of between £740 million and £760 million in the current financial year.
